Inferno Malware Masqueraded as Coinbase, Drained $87 Million from 137,000 Victims
Jan 16, 2024
Cryptocurrency / Cyber Threat
The operators behind the now-defunct Inferno Drainer created more than 16,000 unique malicious domains over a span of one year between 2022 and 2023. The scheme "leveraged high-quality phishing pages to lure unsuspecting users into connecting their cryptocurrency wallets with the attackers' infrastructure that spoofed Web3 protocols to trick victims into authorizing transactions," Singapore-headquartered Group-IB said in a report shared with The Hacker News. Inferno Drainer, which was active from November 2022 to November 2023 , is estimated to have reaped over $87 million in illicit profits by scamming more than 137,000 victims. The malware is part of a broader set of similar offerings that are available to affiliates under the scam-as-a-service (or drainer-as-a-service) model in exchange for a 20% cut of their earnings. What's more, customers of Inferno Drainer could either upload the malware to their own phishing sites, or make use of t...